UPDATE: Working From Home Deductions
UPDATE: Working From Home Deductions Starting from the 2023 financial year, there are new rules for keeping records and calculating deductions for people who are working from home. There are now two ways to work out your deductions: the actual cost method and the revised fixed rate method. The revised fixed rate method has been […]
Cashing Out Annual Leave – Here’s How
Cashing Out Annual Leave – Here’s the Lowdown Are your staff asking about cashing out annual leave? There are some important rules to remember before paying out annual leave. Firstly, you must review the employee’s modern award to check that cashing out leave is explicitly allowed. Most awards allow for excess annual leave to be […]
Business Tips: Go Digital and Cloud
Business Tips: Go Digital and Cloud Transforming into a digital and cloud business sets the best possible infrastructure for future growth. And, as your business scales, the benefits of going digital will become apparent. Running your key business processes in the cloud and using the latest digital software and apps adds to your efficiency and […]
Business Performance vs ATO Small Business Benchmarks
Your Business Performance vs ATO Small Business Benchmarks Are you interested in comparing your business performance against the ATO Small business benchmarks? It can be a valuable exercise to see whether your business is performing well, on average, or lower than the benchmark figures. Each year the ATO publishes industry-based data to highlight specific ratios of […]
Spend Efficiently with Digital Credit Cards
Spend More Efficiently with Digital Credit Cards Do you need to manage expenses for your business and team? Digital credit cards have been around for some years but have recently grown in popularity. Their user-friendly practicality is becoming appreciated by many business owners. How do Digital Credit Cards Work? The provider issues a digital card […]
Business Relationships in Times of Crisis
Business Relationships in Times of Crisis Strong relationships with clients, customers, suppliers, and staff are key to business success. But in a crisis, it’s easy to focus on your own issues and neglect those important connections. Here’s how to stay connected during difficult times – because you won’t get through without strong relationships and ongoing […]
Stay Competitive in Your Business Industry
Stay Competitive in Your Business Industry It’s challenging to make your business stand out from the crowd, especially in the 21st-century digital environment where large and small businesses compete for the same customers. Remaining competitive is vital for any business. If you stay ahead of your competitors and hang onto your customer base, your sales […]
5 Ways to Reduce Your Business Energy Bills
5 Ways to Reduce Your Business Energy Bills Rising global energy prices are a worry for all business owners. When the cost of your predicted annual bill goes up, that’s likely to stretch your cash flow thin. So, what can you do to overcome the problem of rising electricity and gas prices? We’ve outlined five […]
Making the Most of Your Business Data?
Making the Most of Your Business Data? Are you recording, measuring, and analysing enough of the data being generated by your business? With so many apps and digital solutions now available to businesses, there’s a wealth of valuable data to trawl through – and plenty of hidden insights from which you can benefit. Here are […]